CREDIT DAYBOOK AMERICAS: High-Grade Sales Poised to Tick Higher

US investment-grade bond sales may pick up Wednesday as an equity selloff shows signs of easing outside of the technology sector.

• There were $2.85 billion of notes that priced yesterday, less than 10% of Monday’s level
  • One offering emerged overnight, and a handful of firms that held investor calls in recent days could also bring high-grade deals Wednesday
• Following Monday’s moves to multi-month highs, investment-grade yields and spreads both pulled back a bit Tuesday
• In high-yield, more transactions could emerge today and price by the end of the session after six firms did such transactions already this week
  • Two ...